As a new father, I was sick and tired of dealing with tenants and maintenance issues. Fundrise, my favorite real estate crowdfunding platform, offers a Heartland eREIT and various commercial and multi-family real estate opportunities to invest in for as little as $1,000.Īfter selling my San Francisco rental home in 2017 for 30X annual rent, I reinvested $550,000 of the proceeds in real estate crowdfunding to earn income more passively. Savvy investors should consider geoarbitraging the valuation differentials in the heartland of America through real estate crowdfunding. For example, the San Francisco median income is $97,000 versus $1,500,000 for the median home price = 15X. In some cities around the country, however, the median home price is often 10X or greater the median or average income.
Once you have a roof over your head, life is pretty affordable overall. So long as the home price-to-income ratio around 3:1, homes are still affordable. Īn average income of $73,573 is very healthy, especially when you compare it to the average home price in America of roughly $225,000 – $240,000. Take a look at the latest BLS data below. The Average Household Budget Is Hugeįor all this talk about Americans being in a poor financial state in retirement, it sure seems like the average American doesn’t really worry about the future with this type of household spending. The 12.2% rise in education spending was the largest percentage increase among all major components, followed by a 10% rise in entertainment. We are making more and spending more as we come out of the global pandemic.Įight of the 10 largest components of household spending increased during 2017. After all, it takes $3 million to be a real millionaire today. We can estimate the average household budget is even higher in 2021 due to inflation and our insatiable appetite for consumer. Surely the average household budget in 2021-2022 is even larger once the data comes out. Let’s look at the average household budget in America to explain how good of a life we are living.Īccording to the latest data by the Bureau of Labor Statistics, the average household budget is $60,0, a 4.8% increase from 2016 levels. We have huge household budgets to prove it.
America is one of the richest countries in the world.
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